Inco third-quarter earnings may top consensus by up to 46%

LONDON (MarketWatch) -- Canadian nickel producer Inco Ltd.
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said it's expecting third-quarter adjusted earnings of $610 million to $630 million, or $2.66 to $2.75 a share, which will "significantly" exceed both current analyst estimates and second-quarter results. Analysts, on average, are expecting adjusted earnings of $1.88 a share, according to Thomson First Call. Rising nickel and copper prices will offset lower-than-forecast nickel production between 118 to 123 million pounds. The production won't be as strong as the 135 to 140 million pounds first forecast due to downstream production issues in Manitoba, Indonesia and Ontario, Inco said.

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